Noah Smith says moderate inflation would be a good thing (each point is explained in detail in his post): Learn to stop worrying and love (moderate) inflation, by Noah Smith: The Federal Reserve’s unprecedented programs of Quantitative Easing have not,…

Nancy Folbre: … Trade theory emphasizes that those who benefit from free trade should be able to compensate those who suffer, making everyone better off. What trade theory doesn’t explain is why the beneficiaries would offer such compensation unless they…

Cardiff Garcia: White House wants pushover bubble-watching Fed chair who would be fun to have a beer with during a crisis: That’s our exaggerated (but not too much) reaction to reading Neil Irwin’s column on the reasons that White House…